Except stock markets
Here’s a quick rundown:
- Yen crosses are the lows, including USD/JPY down 42 pips to 107.60
- Gold at the highs, up $16 to $1515
- US 10-year yields down 5.4 bps to 1.73%
Those are all session extremes in a sign that the market is increasingly worried about China-US talks falling apart.
The caveat is that the S&P 500 is at 2996, well off the 2984 session low. That could a combination of the Powell put and quadruple witching providing support.